Term Financing-i

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Business Financing-i

Term Financing-i

Term Financing-i is a financing package with fixed profit rates designed for companies and co-operatives.

Eligibility

All businesses entities such as private limited companies and co-operatives.

Concept

Tawarruq

Purpose

To provide medium to long-term financing for business expansion, asset acquisition, or capital investment under Shariah-compliant principles.

Margin

Up to 80% of working capital requirement

Financing Limit*

Up to LEL.

Tenure*

Up to 10 years.

Pricing*

Up to BFR+4% p.a.

Fees and Charges

Charge and Service for Individuals
Transaction	Charge
Wakalah Fee	NIL
Stamp Duty Fee	NIL
Early Settlement Fee	Rebate (Ibra’) will be given on the deferred profit
Commodity Trading Fee	RM15 will be charged for every RM1 Million (50:50 sharing basis). Minimum transaction is RM1,000.
Late Payment Charges	During the financing period: 1% per annum on top of the outstanding payment. After the financing tenure expires: Shall not be more than the prevailing daily overnight Islamic Interbank Money Market rate (IIMM) on the outstanding balance.

Additional Documents Required

Terms Financing-i

Detail information on purpose of financing.
A valuation report of property to be charged as security if applicable.
Cash flow and project profit & loss projection.

Product Disclosure Sheet (PDS)

*Note: The product features are subject to the Bank's approval and credit assessment. Final terms may vary.

LEL: Large Exposure Limit.

Businesses: All types of businesses, including SMEs, MTCs, publicly listed companies, government agencies, and state government agencies subject to applicable requirements.

BFR: Base Financing Rate, currently stood at 6.58% p.a.